International Business Machines Corporation $IBM Shares Sold by Berger Financial Group Inc

Berger Financial Group Inc reduced its position in International Business Machines Corporation (NYSE:IBM) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,513 shares of the technology company’s stock after selling 246 shares during the period. Berger Financial Group Inc’s holdings in International Business Machines were worth $9,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. GQG Partners LLC purchased a new position in International Business Machines in the first quarter valued at about $1,040,057,000. Nuveen LLC acquired a new stake in shares of International Business Machines in the first quarter valued at about $960,386,000. Vanguard Group Inc. lifted its position in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after acquiring an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after acquiring an additional 889,008 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $288.62 on Friday. The firm has a market cap of $268.25 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The firm’s 50-day simple moving average is $255.18 and its 200-day simple moving average is $259.27. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines’s payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. The Goldman Sachs Group raised their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Finally, BMO Capital Markets increased their price target on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $284.62.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.